Seattle real estate agent Peter Oh is planning his next condominium showroom in Seoul, South Korea. It’s a sign of growing interest in U.S. real estate among overseas investors.
Seattle real estate agent Peter Oh is planning his next condominium showroom in Seoul, South Korea. It’s a sign of growing interest in U.S. real estate among overseas investors.
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In some areas of California, so many foreclosed homes are available to buy on the cheap that real estate agents are discouraging prospective sellers from even putting their houses on the market.
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A mortgage industry alliance, under pressure to show progress in its efforts to aid troubled borrowers, says lenders gave a record amount of assistance to homeowners last month.
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Atlantic City’s Trump Marina Hotel Casino is being sold for $316 million to a New York company that plans to rename it “Margaritaville.”
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Bear Stearns shareholders OK’d JPMorgan’s $2.2B buyout of the investment bank whose wagers on subprime mortgages made it the largest corporate casualty of the credit crisis.
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The Justice Department gave online real estate brokers — and potentially their clients — a boost Tuesday by forcing a new industry policy opening access to home listings the agents were previously denied.
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Sales of new homes rose in April for the first time in six months although the unexpected increase still left activity near the lowest level in 17 years.
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U.S. home prices dropped at the sharpest rate in two decades, a closely watched index showed Tuesday, a somber indication that the housing slump continues to deepen.
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Like spring flowers, the “For Sale” signs are sprouting in front yards all over the country. But anxious sellers are facing the most brutal environment in decades, with a slumping economy, falling home prices and rising mortgage foreclosures.
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Sales of existing homes fell for the eighth time in the past nine months, with the backlog of unsold single-family homes rising to the highest level in more than two decades.
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The housing market slump translated into brisk business last year for mortgage scammers and the federal agents who pursue them, with the FBI winning 206 convictions.
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A home-price index considered to be the most comprehensive reading posted the sharpest decline in its 17-year history, and analysts say housing has yet to bottom out.
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The chairman of beleaguered Countrywide Financial Corp. raised eyebrows and tempers with his snippy reply to an e-mail plea from a man who said he was in danger of losing his home.
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Construction of new homes posted the biggest increase in more than two years in April, but analysts said it’s far too soon to declare an end to the prolonged slump.
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Fannie Mae says it is doing away with higher minimum downpayment requirements for borrowers in distressed real estate markets.
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More U.S. homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65 percent versus the same month last year.
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In the latest installment of msnbc.com’s Gut Check America series, we ask you — our readers — to tell us how mounting home foreclosures are affecting your community.
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Median home prices fell in two-thirds of the cities surveyed during the first three months of this year while 46 states reported experienced declining sales.
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The downturn in the housing market has dragged the remodeling sector with it. For many contractors, that means a sudden struggle to stay busy.
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